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Market Daily Report: Bursa Malaysia Ends Higher On Continued Bargain-hunting

KUALA LUMPUR, June 5 (Bernama) -- Bursa Malaysia closed higher, with the benchmark index rising 0.60 per cent as bargain-hunting persisted following the recent sell-off, despite weaker performances across regional markets. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 10.17 points to 1,693.43 from Thursday's close of 1,683.26. The benchmark index opened 3.19 points higher at 1,686.45 and traded between 1,684.36 and 1,698.53 during the trading session. However, broader market sentiment remained negative, with losers outnumbering gainers 666 to 477. A total of 574 counters were unchanged, 958 untraded and 12 suspended. Turnover fell to 3.41 billion units worth RM3.04 billion from 3.47 billion units worth RM3.58 billion on Thursday.
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Trump’s Tariff Comeback: Global Trade Risks Back in Focus


Summary

The US plans to impose 10%–12.5% tariffs on imports from 60 economies, marking a major return to protectionist policy and raising fresh concerns over global trade tension and inflation.

Key Highlights

  • Broad tariff rollout
    • At least 10% tariffs on allies (EU, UK, Canada, Taiwan, etc.)
    • 12.5% tariffs on major economies (China, India, Japan, Korea)
  • Based on forced labour investigation
    • Targeting countries deemed to have weak enforcement
    • Covers sectors like cotton, palm oil, minerals, seafood
  • Not immediate implementation
    • Subject to public review (until July 6)
    • Final decision after hearings (from July 7)
  • Section 301 used as legal basis
    • More durable than previous tariffs struck down by courts
  • Potential additional tariffs coming
    • Separate probe on excess manufacturing capacity
    • Future tariffs may be stacked on top

What Investors Need to Watch

1. Inflation Risk Back on the Table

  • Tariffs = higher import costs
  • Likely to push up prices globally, especially:
    • Consumer goods
    • Industrial inputs

Inflation may stay elevated longer than expected

2. Global Trade Tensions Rising Again

  • Affects 60 economies, including US allies
  • Risk of:
    • Retaliation
    • Trade negotiation breakdowns

Trade war risk is no longer just US–China — it’s global

3. Corporate Margin Pressure

  • Businesses face:
    • Higher costs
    • Supply chain complexity

Companies with global supply chains (manufacturing, retail) most exposed

4. Market Impact Likely Sector-Specific

  • Weakness expected in:
    • Exporters
    • Automakers
    • Industrials
  • Possible resilience in:
    • Domestic-focused companies
    • Commodity-linked sectors

5. Timing Matters (July Catalyst)

  • Key timeline:
    • July 6 → Public comment deadline
    • July onwards → Policy clarity

Markets may stay volatile until final decision

Investor Takeaways

  • Tariffs are back — and broader than before
  • Inflation + geopolitics = double pressure on markets
  • Global supply chains face renewed disruption risk
  • Short-term uncertainty, long-term structural shift in trade
  • Watch for policy updates in July — key market catalyst
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